Deloitte fined $1.59m after auditors adjust clocks

The firm’s systems were manually overridden by staff to change working paper sign-off dates in breach of rules.

The settlement with CPA Ontario is the latest in a series of settlements by the firm in connection with the practice of backdating. Deloitte has already entered into settlement agreements with both the CPAB and the PCAOB in 2021.

After criticism of audit practice by the PCAOB, which had found that

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